BMI View: Hong Kong has long been an important market for consumer electronics devices, due to both affluent local consumers and visitor spending from mainland China. This position did, however, diminish over 2013-2016 as domestic saturation and declining visitor spending weighed on performance. These also limit growth potential over the medium term, and any move to a higher spending trajectory will rely on the emergence of a new mass market device category such as wearables or virtual/augmented reality.

Latest Updates & Industry Developments

Computer Hardware Sales: USD1.3bn in 2017 staying at USD1.3bn in 2021. PC market saturation and pressure on spending due to use-case cannibalisation by smartphones are the key factors limiting growth potential.

AV Sales: USD1.1bn in 2017 staying at USD1.1bn in 2021. High value TV set replacements will be the key opportunity for vendors, alongside premium audio devices such as wireless speaker systems and headphones.